Homewood Suites by Hilton Breaks Ground in Mahwah, N.J.

Company Press Release
July 19, 2000
MAHWAH, NJ -- Homewood Suites® by Hilton, the national chain of all-suite, residential-style hotels targeting extended-stay travelers, has broken ground on the 108-suite Mahwah Homewood Suites by Hilton in New Jersey. When construction is completed, the Mahwah property will be the ninth Homewood Suites by Hilton in the state. The franchised property is owned by Mahwah Hotel, LLC in partnership with Dimension Development Corp. The facility is expected to open in spring/summer 2001.

``The need for hotels that cater to guests staying five or more consecutive nights greatly exceeds the available supply,'' said Sam Friedman, president of Dimension Development Corp. ``Our new facility is being created specifically to meet the special needs of travelers who stay at a property for extended amounts of time. We will offer spacious, residential-style suites with fully equipped kitchens and separate sleeping and living areas that are large enough for work, study, entertaining or relaxing.

``Homewood Suites by Hilton hotels have a home-like atmosphere that appeals to business travelers who stay for a few nights or a few weeks, as well as families vacationing with children and weekend travelers seeking a get-away retreat.'' Guests enjoy a complimentary breakfast buffet in the property's hospitality center--the ``Lodge,'' an evening manager's reception Monday through Thursday with complimentary light meal and beverages, an executive business center, exercise facilities and a convenience store.

Located at 375 Corporate Drive in Mahwah, N.J., the four-story hotel will be located near the newly built Datascope corporate offices, Seiko Optics, UPS corporate offices and next to the soon-to-open Stryker Howmedica Oesteonics headquarters/production facility. Hotel amenities will include an outdoor pool, on-demand videos, exercise room, whirlpool, executive business center and 2,475 square feet of meeting space.

Launched in 1989, Homewood Suites hotels target guests staying five nights or more who prefer high-quality, residential-style, all-suite lodging for a price comparable to a stay at a traditional hotel. Each suite has a fully equipped kitchen, featuring a microwave oven, refrigerator with ice-maker and twin-burner stove with all the necessary pots, pans and utensils. Additionally, suites contain two remote-controlled televisions, videocassette player, ceiling fans, iron/ironing board, two telephones with data ports and free local calls.

Members of the Hilton HHonors® guest reward program can earn HHonors points in addition to airline miles for every qualifying stay at any Homewood Suites by Hilton. HHonors is the only hotel program that allows its members to reap Double Dip® earnings by simultaneously accumulating both airline miles and hotel points with each qualifying stay.

Homewood Suites by Hilton is a part of Hilton Hotels Corporation, recognized internationally as a preeminent hospitality company. The company develops, owns, manages or franchises more than 1,800 hotels, resorts, and vacation ownership properties. Its portfolio includes many of the industry's best known and most highly regarded hotel brands, including Hilton®, Doubletree®, Embassy Suites® Hotels, Hampton Inn®, Hampton Inn & Suites®, Harrison Conference Centers®, Hilton Garden Inn®, Homewood Suites® by Hilton, Red Lion Hotels & Inns®, and Conrad International®.

                  Mahwah Homewood Suites® by Hilton
                              Fact Sheet

Owner: Mahwah Hotel, LLC and Dimension Development Corp.

Owner's Direct Phone Line: 318-352-8238

Hotel Address: 375 Corporate Drive, Mahwah, NJ 07430

Location/Demand Generators: Located just off Rte. 17 (MacArthur Drive
Exit), less than two miles south of the Crossroads Corporate Center
and the Route 17/I-287 interchange.

Accommodations (number of suites): 108

Hotel Amenities

--  Complimentary breakfast buffet each morning

--  Evening managers reception with complimentary hors d'oeuvres and
    beverages

--  Outdoor swimming pool and state-of-the-art exercise facilities

--  Whirlpool

--  Sports court

--  Picnic area

--  24-hour executive business center

--  2,475 square feet of meeting space

--  Guest laundry

--  Suite Shop convenience store

--  Complimentary grocery shopping service

--  The "Lodge" -- a homelike setting in which to relax, complete with
    comfortable chairs and a fireplace

Suite Amenities

--  One- and two-bedroom suites with separate living and sleeping
    areas

--  Two remote controlled televisions and video cassette recorders

--  Two telephones with dataports and free local calls

--  Fully equipped kitchen with microwave, refrigerator with ice
    maker, coffee maker, twin-burner stove and all the necessary pots,
    pans and utensils

Hotel management company: Dimension Development Company, Inc.


To make reservations at any Homewood Suites by Hilton hotel or to
request a free national directory, guests may access hotel information
on the worldwide web at www.homewood-suites.com, or call the toll-free
national reservation number, 1-800-CALL-HOME (1-800-225-5466). A
special toll-free reservation number also is available for
hearing-impaired guests, 1-800-451-HTDD.


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Contact:
Melissa O'Brien/Laschandra Diggs
Hilton Brand Communications
(901) 374-5534
or
Chris Daly
Daly Gray Public Relations
(703) 435-6293